President Dr. Mohamed Muizzu has unveiled a series of stringent measures aimed at reducing public expenditure, particularly focusing on recurring expenses. In a message posted on the social media platform X, President Muizzu outlined several key initiatives to streamline government operations and cut unnecessary costs.
Among the measures highlighted, the President emphasized a reduction in the number of political posts within the Administration, aiming to optimize efficiency while minimizing administrative expenses. He also announced plans to scale back or cancel unwarranted celebratory events, citing the need to prioritize fiscal discipline.
A significant announcement was made regarding this year's Independence Day celebrations, which will undergo substantial downsizing. President Muizzu disclosed that traditional components such as the float procession, official reception, and other festivities would be omitted. Instead, the focus will be on a modest official function marking Independence Day, resulting in considerable savings for the state.
Furthermore, President Muizzu hinted at upcoming announcements detailing additional measures aimed at further reducing public expenditure. These forthcoming initiatives are expected to reinforce the government's commitment to prudent financial management and sustainable economic practices.
Among the measures highlighted, the President emphasized a reduction in the number of political posts within the Administration, aiming to optimize efficiency while minimizing administrative expenses. He also announced plans to scale back or cancel unwarranted celebratory events, citing the need to prioritize fiscal discipline.
A significant announcement was made regarding this year's Independence Day celebrations, which will undergo substantial downsizing. President Muizzu disclosed that traditional components such as the float procession, official reception, and other festivities would be omitted. Instead, the focus will be on a modest official function marking Independence Day, resulting in considerable savings for the state.
Furthermore, President Muizzu hinted at upcoming announcements detailing additional measures aimed at further reducing public expenditure. These forthcoming initiatives are expected to reinforce the government's commitment to prudent financial management and sustainable economic practices.